PowerCompute, Inc. (Nasdaq: PWCM) issued a press release on October 8, 2026, detailing its operational and financial results for the month ended September 30, 2026. The company reported that it mined approximately 8.1 Bitcoin during September, representing a 37% increase compared to the 5.9 BTC mined in September 2025 and a 2.7% increase from the 7.9 BTC mined in August 2026.
In addition to mining activity, the company generated approximately $89,000 in revenue from energy sales during September. This revenue was derived from selling energy during seasonal heat-related curtailment at its facilities in Oklahoma and Mississippi, bringing the total energy sales for the three months ended September 30, 2026, to approximately $312,000.
A significant portion of the company's activity in September was focused on debt reduction. PowerCompute applied 267.4 Bitcoin to repay approximately $22.45 million of principal and accrued interest under its Arch credit facility. This repayment resulted in the full retirement of the facility and a reduction of the company's total secured debt from $23.70 million to $1.25 million. As a result of this transaction, all Bitcoin previously pledged as collateral was released, and the company's Bitcoin ending balance decreased to 63.7 BTC as of September 30, 2026.
As of September 30, 2026, PowerCompute held 63.7 Bitcoin valued at approximately $5.3 million based on a Bitcoin price of approximately $83,900. The company had 2,535,061 shares of common stock outstanding at that time.
